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My 80 year old mother has recently told me she has above life savings (plus her own small flat). She has kept them all in one bank so far!

I told her she needs to take some steps to spread the risk, especially taking into account the FSCS savings compensation limit of £85K per institution. Also, I have considered advising her to put her money in different kinds of account. Her aim is to minimise her risk but create some return as well.

How about splitting it four ways? Does that sound like a reasonable idea?

That's not the only problem of course - there is also the small matter of how completely inappropriate the recommendation of an unregulated investment would be to the 80-year old looking for safety and security....

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The Dolphin Trust GmbH investment opportunity is an unregulated investment. This means that when clients choose to avail of this opportunity, they are investing in a scheme that is not authorised or approved within the United Kingdom by the Financial Conduct Authority (FCA). Clients do not have the protection of the FCAís Financial Services Compensation Scheme or access to the Financial Ombudsman.

That's not the only problem of course - there is also the small matter of how completely inappropriate the recommendation of an unregulated investment would be to the 80-year old looking for safety and security....

Is this thread some kind of feeding ground for high-risk recommendations? Is the poster for London & Capital about to throw their (unwanted) oar in too?

The OP said

“

Her aim is to minimise her risk but create some return as well.

”

Cash deposits, NS&I and a possible entry into a low-risk, regulated, diversified fund is about all that should be mentioned here. Not unregulated high-risk investments!

I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.

This is a wholly inappropriate and totally irresponsible and quite frankly stupid thing to recommend. I cannot emphasise how much so. You are a dangerous poster and I hope the OP does not give your post any consideration.

I have pressed spam on your post as I suspect you are trying to promote it as no sensible person would consider it for this scenario (and most other scenarios considering it is an unregulated investment with no FSCS protection with 100% loss potential and no guarantees to pay anything.

I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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